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Insurance Agents have to sell insurance policies to new and existing customers. Some agents sell other financial instruments such as mutual funds and also help in financial planning for their clients.
They must possess the typical skills needed by any sales executive. Additionally they must be good in quantitative aptitude.
KEY SKILLS REQUIRED:
COMPREHENSION[ READING AND ORAL] - Verbal Ability and Verbal Reasoning
GOOD COMMUNICATION - Verbal Ability and Verbal Reasoning
MUST BE DATA DRIVEN - Numerical Reasoning
HAS ABILITY TO UNDERSTAND OWN COMPANY's PRODUCT OFFERING AND PRODUCT's DIFFERENTIATION FROM COMPETITION - Verbal Reasoning, Logical Reasoning, Quantitative Aptitude
ARTICULATE ENOUGH TO CONVINCE BUYERS OF VALUE IN PRODUCT/SERVICE BEING SOLD - Logical Reasoning
HAS ABILITY TO THINK CONSTRUCTIVELY AND STRATEGIZE - Abstract Reasoning
HAS ABILITY TO SOLVE PROBLEMS - Quantitative Aptitude
VERBAL ABILITY
Verbal ability is essential because grammar and vocabulary is a prerequisite for good spoken and written English.
VERBAL REASONING
Reading comprehension indicates the ability to comprehend and reason with the concepts in a written page.
QUANTITATIVE APTITUDE
Quantitative ability will indicate analytical thinking and problem-solving ability.
LOGICAL REASONING
Logical Reasoning is assessed through
• Statement/Conclusion
• Cause /Effect and
• Statement/Fact questions
These questions will indicate the quality of deductive reasoning and inductive reasoning which contribute to Critical thinking ability.
ABSTRACT REASONING
Abstract reasoning will indicate the ability to think clearly, identify logical patterns, learn new skills and solve complex problems. It is an indicator of fluid intelligence and shows an ability to strategize.
